$22,000,000 $23,000,000
Updated 13 hours ago
170 Views
Fort Greene, Brooklyn | Willoughby Ave & Myrtle Ave
60 Rooms40 Beds24 Baths38,000 Square FeetIncome Property

$22,000,000 $23,000,000
floors / apts4 / 32
Lot Size100'x100'
Built Size100' wide
ZoneR6B
Building TypeLoft
RE Taxes$281,796
Price Per SF
$579

Listing Features

  • Original Details

Building Amenities

  • Voice Intercom
  • Elevator
  • Laundry Room
  • Roof Deck

Property Description

Corcoran is honored to exclusively present 163 Carlton Avenue located in the heart of Fort Greene, Brooklyn.

This property is a 4 story, 38,000 sq ft residential loft building with 19 units ranging between 1239 sqft ? 2934 sqft!

Formerly the historic W.W. Debevoise Candy Factory, 163 Carlton was converted into residential lofts back in 1998 and acquired by the current owner in 2003. These lofts are spacious, unique, and highly sought featuring original details such as exposed beams, brick, large windows, high ceilings and hardwood floors.

Some of the units have been renovated over the years with new kitchens, bathrooms, recessed lighting, and Split AC units.

The building features an elevator, garbage chutes and a shared laundry room (select units have washer dryer in unit).

163 Carlton Avenue is conveniently located around the block from Fort Greene Park and near all major trains R,Q, N, B, D, W at Dekalb/ 2,3,4,5 at Nevins or the G at Clinton Washington.

This property offers opportunity for possible condo conversion or keep the building as is.

11 of the 19 units are free market. There are 8 units that are rent stabilized due to a J-51 which expired a few years ago. The RS units will be deregulated once the current tenants move out.

Contact me today for more details of the property or a private showing!

Gross Income $1,030,618.00

Expenses $452,325

NOI $578,293

Building size 100X95

Lot size 100X100

FAR As Built 3.8/Max FAR 4

In Process of condo conversion

Listing History

Now
11/29/2021
$22,000,000 [-$1,000,000] [4.3%]
Price Drop by Jennifer Doscher
Corcoran
08/24/2021
$23,000,000
Initial Price by Jennifer Doscher
Corcoran

Building Details

OwnershipIncome Property
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessElevator
Floors/Apts4/32
Learn More About the Building

Transit and Citi Bike

Subway

Fulton St
0.42 miles
Clinton-Washington Avs
0.44 miles
Lafayette Av
0.46 miles

Citi Bike

Adelphi St & Myrtle Ave
0.05 miles
Washington Park
0.09 miles

Fort Greene | Brooklyn

Quick Profile

Conveniently situated just north of the beautiful and lush Prospect Park, Fort Greene is rich with history. Representative of an aesthetic that Brooklyn is often associated with--the brownstone and row house architecture being an institution of the community--Fort Greene is decidedly singular in visual style. As part of the National Register of Historic Places, this South Brooklyn neighborhood offers unique charm and plenty of character.

Beginning with its early military-oriented inception (the territory was central to the Battle of Long Island), Fort Greene has always been recognized for its spaciousness and a sense of openness. Filled with nature and greenery, it is also home to its very own eponymously named park in addition to being in close proximity to Brooklyn’s largest recreational area, Prospect Park (containing the beloved Prospect Park Zoo within it). 

Many residents come from different socioeconomic backgrounds and commute to their workplaces in Manhattan, while keeping Fort Greene as their separate haven. The diversity of the area has proven to be one of the few examples of a Brooklyn neighborhood maintaining its roots in part thanks to its protected status. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 82012TH